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FLAGSHIP FINANCIAL CORPORATION ANNOUNCES EXTENSION OF PNC FINANCIAL CORP'S DUE DILIGENCE PERIOD

 FLAGSHIP FINANCIAL CORPORATION ANNOUNCES EXTENSION
 OF PNC FINANCIAL CORP'S DUE DILIGENCE PERIOD
 JENKINTOWN, Pa., March 6 /PRNewswire/ -- Flagship Financial Corporation (NASDAQ-NMS: FLGF) announced today that it has agreed to a request by PNC Financial Corp (NYSE: PNC) to extend from March 6, 1992, to the close of business on March 16, 1992, the time period which PNC Financial has to complete its due diligence of Flagship under the terms of the Agreement and Plan of Reorganization dated as of Jan. 21, 1992.
 Flagship ranks among the 10 largest publicly traded thrifts and thrift holding companies in Pennsylvania and conducts business through its wholly owned subsidiaries, First American Savings, F.A. and Brandywine Savings Bank, PaSA. First American currently operates 12 offices in southeastern Pennsylvania and Brandywine currently operates nine offices in Chester County, Pa. The common stock of Flagship is traded on the NASDAQ National Market System under the symbol FLGF.
 /delval/
 -0- 3/6/92
 /CONTACT: Joseph F. Kubiak of Flagship Financial, 215-576-3078/
 (FLGF) CO: Flagship Financial Corporation; PNC Financial Corporation ST: Pennsylvania IN: FIN SU:


CC-JS -- PH030 -- 6064 03/06/92 17:32 EST
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Publication:PR Newswire
Date:Mar 6, 1992
Words:186
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